Crypto Funds Bleed $812M as Bitcoin Leads Massive Weekly Exodus Amid US Economic Jitters

Digital asset markets shudder as institutional investors make a run for the exits.

The Great Unwinding

Bitcoin spearheaded a staggering $812 million withdrawal from cryptocurrency investment products last week—the largest capital flight since the 2022 crypto winter. US macroeconomic uncertainty triggered the mass exodus, with traders scrambling to de-risk portfolios ahead of critical inflation data.

Domino Effect

Ethereum and altcoins followed Bitcoin's lead, suffering consecutive weeks of outflows as risk appetite evaporated. The Federal Reserve's hawkish stance continues to pressure digital assets, reminding everyone that when traditional finance catches a cold, crypto still gets pneumonia.

Silver lining? At least the blockchain doesn't charge withdrawal fees like your average Wall Street bank.

Crypto asset investment products experienced a notable pullback last week, led by Bitcoin, with outflows totaling $812 million. Despite this short-term dip, the year-to-date inflows remain strong at $39.6 billion, according to CoinShares' latest weekly report.

Visit Website